Banks enter final quarter with high hopes for bad loan reduction while challenges remain
Commission gives go-ahead for APS to reduce NPL pile
Banks highlight areas of concern in talks on NPL scheme
Athens looks to overcome APS snags as it awaits green light from Brussels
Loans under credit servicing firms drop 0.7 pct QoQ to 17.45 bln
Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
National Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece.
The consideration of the transaction stands at 718.3 million implying a total enterprise value of 958 million. NBG will retain a 25 percent share in Ethniki Insurance, which will remain its exclusive bancassurance provider under a new ten-year partnersh...
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